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Finance: Terms of Reference

FINANCE COMMITTEE TERMS of REFERENCE

  •  To advise ExCom on all the monetary affairs of the Organization.
  • To prepare the annual budget for approval by ExCom.
  • To prepare financial procedures as set out in the Bylaws for approval by ExCom.
  • To prepare any other guidelines concerning the Organization’s income and expenditure.
  • To formulate and keep under review a dues structure for the national organizations in accord with the structure specified in the Bylaws. Recommend to ExCom the actual dues to be paid by the various categories of member.
  • To prepare and recommend the overall financial plans for the Organization.

 The above have been extracted from the Bylaws of the IOMP approved by the Council in September 2009.